PipTick Volume Delta MT4

Indicator PipTick Volume Delta shows the difference between the amount of the Bid and
Ask. In fact, it shows which side of the market participants
(Buyers or sellers) was more active during a certain period
time. Calculate the volume of the Bid and Ask are based on our indicator PipTick
Bid-Ask Volume.

As you know, the Forex market is decentralized, so there is no
reliable information about the real volume. There is also no data on the current and
value of the historical volume Bid (volume merchants) and volume Ask (volume
buyers). However, you can use tick volume and price Bid
Ask, to determine the activity of buyers and sellers. In this way,
Our special algorithm allows to get a similar amount as in the
futures market. With this feature it is possible to
analyze the flow of orders to buy and sell.

How to use the indicator PipTick Volume Delta?

Firstly, it should be noted that the use of indicators on
senior indicators is counterproductive. amount
buyers and sellers balanced on higher timeframes, so
LED has no information value. Therefore, it is recommended
use it on the charts with the timeframe from M1 to M5.

Context order flow in the market should be analyzed in the past
10-30 minutes. It is always necessary to assess the activity of both parties,
buyers and sellers.

In fact, there are several orders thread context scenarios:

Active buyers and sellers / Market conditions
delta is positive
delta is negative

The uptrend in the market	Buyers have the power to increase prices. Look for an opportunity to open the deal to buy.	Vendors are trying to lower the price, but they do not succeed. Look for an opportunity to open the deal to buy.
Lateral movement in the market	Buyers are trying to raise the price, but they do not succeed. Look for an opportunity to open a deal to sell.	Vendors are trying to lower the price, but they do not succeed. Look for an opportunity to open the deal to buy.
The downtrend in the market	Buyers are trying to raise the price, but they do not succeed. Look for an opportunity to open a deal to sell.	Sellers have the power to lower prices. Look for an opportunity to open a deal to sell.

recommendations

• Do not switch the timeframes during the operation of the indicator.

Main characteristics

• The indicator shows the difference between the volumes of Bid and Ask


• A simple comparison of the activity of buyers and sellers


• Pop-up alerts on the values ​​of the indicator


• It works on any time frame


• The indicator is not redrawn


• It requires real-time data


• Saving data to a file indicator


• Excellent results in conjunction with support and resistance levels


• An ideal tool for scalping


• Very fast calculation


• Designed for MT4 and MT5

Input parameters

• Volume_Delta_Mode - volumes delta mode options: Negative Down / Positive Up, Negative Up or Positive Up


• Record_Ticks_History - to allow the preservation of tick history data file


• Histogram_Thickness - the width of the resulting histogram


• Color_Positive_Delta - color Bid volume for positive delta


• Color_Negative_Delta - color Bid volume for a negative delta


• Alert - turn on / turn off the alerts when Delta volume exceeds a certain value


• Alert_Threshold - choice of threshold


• Alert_Sound - choose a sound file to alert

results

• Volume_Delta - the value of the volume of the delta